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The American-Uzbekistan Chamber of Commerce (AUCC) seeks to promote trade and investment ties, cultural exchanges and bonds of friendship between the United States of America and the Republic of Uzbekistan. In performing these functions, the AUCC places primary emphasis on serving the needs and interests of its members.

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Located in Central Asia, Uzbekistan is endowed with rich hydrocarbon resources. The country has developed a program for the oil and gas industry development until 2020.
The program provides for an increase in hydrocarbon reserves in 2014-2020.
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On Wednesday 13 March 2019, representatives of governmental agencies in Uzbekistan met in Tashkent to discuss Uzbekistan's World Trade Organization (WTO) Accession process and prioritization of their needs. The aim of the Roundtable was to provide an overview on the law and practice for acceding to the WTO, and identify Uzbekistan's key needs in order to prioritize the technical assistance activities for the European Union funded project that will be implemented by the International Trade Centre (ITC).
There are currently 164 Members of the WTO, accounting for about 96% of world trade.
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Former Soviet Union country, Uzbekistan is turning to nuclear energy to power its economy as the landlocked country has an abundance of uranium and big economic ambitions. As the energy demand and population of the country continue to rise, a nuclear energy law has been approved recently by the members of the Lower House of Uzbek Parliament in order to develop unified state policy on the establishment and peaceful use of nuclear energy. Member of Oliy Majlis of the Uzbek Parliament, Zhamshid Pirmatov said the energy law is the first of its kind in the history of Uzbekistan.
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U.S. Department of State South and Central Asian Affairs Principal Deputy Assistant Secretary, Ambassador Alice Wells and Foreign Minister of the Republic of Uzbekistan Abdulaziz Kamilov led a successful session of the U.
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World Bank officials are optimistic about Uzbekistan. The Bank's vice president for Europe and Central Asia, Cyril Muller, made a two day visit to Tashkent this week, meeting with President Shavkat Mirziyoyev and other government officials. The visit underscores Uzbekistan's continued march in from the periphery of international affairs.
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Uzbekistan is an important partner of the United States in ensuring stability, prosperity and security in the region of Central Asia. The U.S. provides security assistance to Uzbekistan to advance these goals.
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After last year's unprecedented central-bank demand for gold, another nation is jumping into the marketplace to build its gold reserves over the next five years.
According to international media reports, Uzbekistan expects to increase its gold reserves to 430 tonnes between 2020 and 2024 as the country looks to develop its domestic gold deposits. The reports said that purchase could start this year as the central bank plans to buy 81.
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Uzbekistan is seeking a $300 million loan from Russia's Gazprombank as it wants to increase output at its state-run Shurtan gas and chemical complex, the president's office said on Thursday.
The complex, which produces polyethylene, is operated by Uzbekistan's state oil and gas company Uzbekneftegaz, a strategic partner of Russian state gas company Gazprom which is a major shareholder in Gazprombank.
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The economy of Uzbekistan is one of the largest in the Central Asian region. In recent years, the Uzbek economy has been actively developing and showing high results of stable growth.
The foreign trade turnover of Uzbekistan amounted to $ 3.
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Deputy Director General of the World Trade Organization Alan Wolff stated that Uzbekistan can join the World Trade Organization within two years, Trend reports via Uzbek media.
"The process of accession to WTO has just begun. It requires internal reforms, the opening of the economy, which are already happening.
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Moody's Investors Service assigned its first ever long-term issuer rating to the Uzbek government at B1 with a stable outlook on February 13 ahead of the Uzbek Eurobond debut on the same day.
The agency also assigned a provisional rating of (P) B1 to the Uzbek government's forthcoming medium-term note programme and a B1 rating to the planned drawdown from the programme.
The rating comes after S&P Global Ratings and Fitch Ratings assigned their issuer ratings for Uzbekistan in December at 'BB-'.
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Uzbekistan sold $1 billion of Eurobonds in its first foray into international debt markets as the ex-Soviet republic opens its economy to foreign investment after more than two decades of isolation.
The placement is a key milestone for Uzbek President Shavkat Mirziyoyev, who aims to set a benchmark for corporate issuers as he steers the country of more than 30 million people down a more market-friendly route following the death of long-time ruler Islam Karimov in 2016. With developing-nation issuers rushing to market this year, the Uzbek offering is reminiscent of the successful 2017 sale by neighboring Tajikistan, which became a byword for the hunt for yield that year.
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DUBAI, United Arab Emirates, Feb. 11, 2019 /PRNewswire/ -- Boeing [NYSE: BA] reached an agreement with Uzbekistan Airways to provide services that will enable the airline to more efficiently and effectively maintain its 787-8 Dreamliner fleet through the Boeing Landing Gear Exchange program.
The flag carrier of the Republic of Uzbekistan will rely on Boeing to support its fleet with quick and reliable landing gear exchanges when and where they need them.
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The first round of negotiations on the Agreement on Extended Partnership and Cooperation (EPC) between Uzbekistan and the EU was held in Tashkent on February 4-7.
Deputy Foreign Minister of Uzbekistan Dilshod Akhatov and Deputy Managing Director of the European External Action Service Luke Devin led representative delegations of the parties.
The press service of the Foreign Ministry said that the parties came to a common understanding on the draft Agreement structure and, divided into three groups, discussed in detail and constructively all sections of the draft document, identifying possible mutually acceptable provisions.
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Uzbekistan has established the Ministry of Transport, Trend reports citing the Uzbek presidential decree.
The ministry will be responsible for development and implementation of a unified state policy for the development of road, rail, air and river transportation, metro as well as road facilities.
It will also regulate transportation activities by adopting regulations, issuing licenses and permits, conducting certifications, effective technical and tariff policies.
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Cyril Muller, Vice-President of the World Bank for Europe and Central Asia, intends to visit Uzbekistan in March this year to discuss the most promising projects, Trend reports via the Uzbek media.
Negotiations were held in Washington between a delegation of Uzbekistan, composed of Vice Premier Tanzila Narbayeva, Minister of Employment and Labor Relations Sherzod Kudbiyev and Chairman of the Uztextileprom Association Ilkhom Haydarov with Cyril Muller, where he told about his intentions to visit Uzbekistan.
During the negotiations, Muller noted the possibility of cooperation in three main areas.
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The US First Deputy Assistant Secretary of State for South and Central Asian Affairs Alice Wells to visit Uzbekistan, Trend reports with reference to the Uzbek Ministry of Foreign Affairs.
This was announced after the talks of Uzbek delegation headed by Deputy Prime Minister Tanzila Narbayeva with Alice Wells in Washington.
Wells welcomed the intensification and expansion of country's interaction with international non-governmental organizations.
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Uzbekistan has annulled the confidentiality of information concerning the country's mineral reserves, their annual production and sales, as well as foreign and internal debts, Uzbek justice ministry said Monday.
A government decree that lifts restrictions on the publication of the information on the dynamics of gold, silver and other non-ferrous and rare earth metals mining has been approved by the Cabinet of Ministers, according to the country's justice ministry.
Under the decree, Uzbekistan will start publication of information on the country's mineral reserves, mining and sales volumes and the distribution of funds derived from the sales.
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Uzbekistan approved a number of measures to drastically simplify the bankruptcy procedure, Trend reports via a new decree of the head of state.
Now, judicial managers are appointed from among persons who have a fourth category judicial certificate and are members of the Uzbekistan Association of Judicial Managers when carrying out a simplified bankruptcy procedure instituted by the state tax services.
The activities of judicial managers can also be carried out by lawyers who have licenses with a specialization in civil and economic legal proceedings and who have received a certificate of judicial manager.
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Uzbekistan improved its position and moved to the fifth group in the updated classification of OECD country credit risks, Trend reports via Uzbek media.
The Organization for Economic Cooperation and Development (OECD) classification of country credit risks was updated on February 1.
Uzbek Ministry of Finance states that Uzbekistan moved from the sixth to the fifth group in the new classification.
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